BOISE, Idaho, June 6, 2012 - IDACORP, Inc. (NYSE: IDA) is pleased to announce the release of the company's inaugural Sustainability Report, issued May 17 at the company's 2012 Annual Meeting of Shareholders.

The report is primarily focused on Idaho Power's performance and results, though the philosophical approach to business, responsibility and stewardship is consistent across all IDACORP subsidiaries.

The foundation of the report is IDACORP's five-pronged Sustainability Platform which includes Balanced and Responsible Management; Operational Excellence; Environmental Stewardship; Engaged, Empowered Workforce; and Strong Community Partnerships. A company program or initiative, described from an employee's perspective, illustrates each of these five elements. IDACORP stakeholders also contributed to the report; customers, industry analysts and local nonprofits, among others, submitted personal accounts of how they've benefitted from or participated in company initiatives.

To learn more about IDACORP's Sustainability Platform or to read the report in its entirety, visit www.idahopower.com/sustainability. You may also download the report at http://www.idacorpinc.com/financials/. Hard copies will be available mid-June and can be requested via email at [email protected].

About IDACORP, INC.

IDACORP, Inc. (NYSE: IDA) is based in Boise, Idaho and was formed in 1998 as a holding company. IDACORP subsidiaries include: Idaho Power, a regulated electric utility; IDACORP Financial, an investor in affordable housing projects and real estate; and Ida-West Energy, an operator of small hydroelectric projects. IDACORP's origins lie with Idaho Power and operations beginning in 1916. Today, Idaho Power employs approximately 2,000 people who serve nearly 500,000 customers throughout a 24,000-square-mile area in southern Idaho and eastern Oregon. To learn more, visit www.idahopower.com or www.idacorpinc.com.

Contact:
Kevin Winslow
Communications Specialist
208-388-6736
[email protected]
1-800-458-1443 media line